Singapore: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Singapore

The Singaporean bleached sulphate pulp market soared to $X in 2021, with an increase of 47% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bleached Sulphate Pulp Production in Singapore

In value terms, bleached sulphate pulp production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 7.4% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Bleached Sulphate Pulp Exports

Exports from Singapore

In 2021, approx. X tons of bleached sulphate pulp were exported from Singapore; reducing by -51.6% on the year before. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 216%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bleached sulphate pulp exports fell sharply to $X in 2021. In general, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 215%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), China (X tons) and the United Arab Emirates (X tons) were the main destinations of bleached sulphate pulp exports from Singapore, together comprising 71% of total exports. India, Turkey, Kuwait and Bangladesh lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +51.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and the United Arab Emirates ($X) were the largest markets for bleached sulphate pulp exported from Singapore worldwide, with a combined 77% share of total exports. India, Kuwait, Turkey and Bangladesh lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Turkey, with a CAGR of +49.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bleached sulphate pulp export price stood at $X per ton in 2021, with an increase of 6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2017 when the average export price increased by 8.2% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bleached Sulphate Pulp Imports

Imports into Singapore

In 2021, the amount of bleached sulphate pulp imported into Singapore skyrocketed to X tons, growing by 291% compared with 2020. Overall, imports posted resilient growth. The growth pace was the most rapid in 2018 when imports increased by 405%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, bleached sulphate pulp imports skyrocketed to $X in 2021. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 304% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of bleached sulphate pulp to Singapore, accounting for a 59% share of total imports. Moreover, bleached sulphate pulp imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Finland (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+54.1% per year) and Finland (+62.7% per year).

In value terms, Indonesia ($X) constituted the largest supplier of bleached sulphate pulp to Singapore, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Finland, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+50.3% per year) and Finland (+52.1% per year).

Import Prices by Country

In 2021, the average bleached sulphate pulp import price amounted to $X per ton, leveling off at the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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